Date: 2013-07-31

China Machine Tool Industry Sees Decrease in Trade Deficit for First Time

China Machine Tool Industry Sees Decrease in Trade Deficit for First Time

China reportedly imported machine tools valued at US$5.407 billion in the first six months, an increase of 4.01% year on year, up 4.45 percentage points from 2006.

Exports totalled US$2.243 billion in value, an increase of 30.59% year on year, up 2.8 percentage points from 2006.

Consequently the trade deficit saw a decrease of US$316 million. It is the first time for the machine tool trade deficit to drop, partly because the trade deficit in metalworking machine tools fell to US$2.6 billion, a drop of US$247 million from a year earlier.

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